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Importance Of Supply Chain Visibility

oboloo Glossary

Importance Of Supply Chain Visibility

Supply chain visibility is an essential concept in procurement, as it helps organizations to keep track of their goods and services and optimize processes. By leveraging visibility into the source of materials, risks associated with shipment delays, missed orders, and other logistical issues can be mitigate. This visibility also enables companies to accurately plan their supply chain networks and to identify new opportunities for cost savings. Additionally, having access to real-time data allows them to respond quickly to changes in market demand, keeping inventories at appropriate levels. With visibility comes a better understanding of the end-to-end operations, from design to delivery, which enables firms to make smarter decisions related to process optimization and customer service. In short, improved supply chain visibility allows for greater efficiency, increased profitability, and improved customer satisfaction.

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